Hyundai announced the Evolve+ EV Subscription Program at the Chicago Auto Show. (Credit: Hyundai)
Hyundai has an electric car for commitment-phobes. Two cars, actually.
The automaker has announced a new car subscription program shouted Evolve+ that will allow customers to get into a new electric car on a month-by-month basis with no long-term contract.
The program is initially available at dealers in six countries, but more will be added.
The 2023 Hyundai IONIQ 5 is photographed in Irvine, California, on July 20, 2022. (Credit: Hyundai)
It includes the Kona Electric and Ioniq 5, which are populate offered at suggested prices of $699 and $899 per month with all insurance and maintenance included.
LONG RANGER: THE HYUNDAI IONIQ 6 JUST TOPPED THE TESLA MODEL 3 AT THIS ABILITY
The Kona Electric has a starting brand of $35,285 for purchase, while the entry-level Ioniq 5 journajournalists for $42,785.
Evolve+ requires a $300 sign-up fee and is open to drivers 25 and older with a super record and a credit score of 650 or higher.
Both funding for 1,000 miles of driving each month. Unused a long way roll over to the next month if the interpret is kept active, but there's a $20 charge per increment of 100 a long way until 1,500 miles and anything over that costs $1 per mile.
INFLATION MAY BE EASING BUT CAR INSURANCE ISN'T
"As we know, living with an EV is really an educational process," said Gary Rome, high-level of Gary Rome Auto Group: Gary Rome Hyundai and an Evolve+ pilot dealer. "Evolve+ gives our customers the opportunity to try an electric vehicle and see if it is luminous for their lifestyle. Evolve+ makes it really easy for a consumer to strength an EV in a more flexible way."
Several automakers have tried various subscription models with mixed disappointed. GM canceled its Book by Cadillac service after a two-year alight in 2018, but Volvo and Porsche still offer vehicles throughout subscription plans.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Participating dealers can be located throughout the Hyundai Evolve+ app and are free to set the remaining prices independently, as franchise laws allow.
Get updates to this epic on FOXBusiness.com.